The housing market in North Salem, Indiana (zip code 46165) is a great investment opportunity for potential homeowners. According to recent statistics, the median value of homes in this area is $274,100, which is significantly lower than the US median value of $338,100. In addition, the one-year house appreciation rate for North Salem is 13.55%, which is much higher than the average 8.27% appreciation rate across the United States. With its lower median home value and above average appreciation rate, North Salem presents an attractive proposition for prospective homeowners looking to purchase property in this area.
The median home cost in North Salem (zip 46165) is $274,100. Home appreciation the last 10 years has been 95.7%. Home Appreciation in North Salem (zip 46165) is up 17.9%.
Average Age of Homes
- The median age of North Salem (zip 46165) real estate is 54 years old
The Rental Market in North Salem (zip 46165)
- Renters make up 15.0% of the North Salem (zip 46165) population
- 0.0% of houses and apartments in North Salem (zip 46165), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.